Cathay Pacific Airways has suggested that it will review the fleet allocated to the joint venture with Air China Cargo after posted losses of HK$300 million on a fall in volume of 10%. The joint venture operates four 747-400 converted freighters, which has pushed up costs: “Old, fuel-inefficient airplanes is a tough business model,” says John Slosar, chief executive of Cathay Pacific. “We’ll have to look at that to see what is the right way forward in terms of the fleet.”

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